Market Wrap: Bitcoin Stuck in High $9K Range as Stocks Soar on Powell Comments

Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break the five-digit barrier again.

Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since March

Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin hit 12-month lows in March. Tether maintained or exceeded par value consistently during bitcoin’s subsequent two-month rally. 

Bitcoin News Roundup for May 18, 2020

BTC can’t seem to break $10K while JK Rowling gets an earful. It’s CoinDesk’s Markets Daily Podcast.

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First Mover: Bitcoin Rattled by Transfer of Satoshi Coins That Might Not Be Satoshi’s

Even idle speculation that mysterious bitcoin founder Satoshi Nakamoto might be moving around a small batch of the cryptocurrency appeared sufficient to spook the market on Wednesday.  

Bitcoin Drops Over 3% Despite Golden Cross and Bank Calls for More US Stimulus

Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts.

Market Wrap: Bitcoin Rebounds to $9,500 After Scary Sell-Off

Bitcoin suffered a quick sell-off on Wednesday after a previously dormant address moved some of the earliest-mined coins for the first time. While bitcoin’s price has recovered a bit, downward selling pressure remains and could have an impact on stakeholders, especially in the derivatives and mining sectors.

Price Drops 7% in an Hour After Bitcoin Sees a Ghost

Bitcoin was spooked by a ghost Wednesday, tumbling 7% in the span of an hour on reports a previously inactive address dating to the blockchain network’s earliest days had transferred more than $300,000 of the cryptocurrency. 

50 BTC Just Moved for First Time Since 2009 – But It Doesn’t Look Like Satoshi

The bitcoin market sold off more than 7% Wednesday, according to Bitstamp market data, after a Twitter bot alleged a recent bitcoin transaction came from a wallet possibly belonging to Satoshi Nakamoto, the protocol’s creator. 

Bitcoin News Roundup for May 20, 2020

Bitcoin’s halving busted a lot of miners while Samsung adds blockchain e-gaming. It’s CoinDesk’s Markets Daily podcast.

Staking Will Turn Ethereum Into a Functional Store of Value

Osho Jha is an investor, data scientist and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets.